Cytonn Chief Executive Edwin Dande. FILE PHOTO | NMG
Realtor Superior Homes Kenya PLC has diversified its portfolio
by opening a high-end Sh800 million Lake Elementaita Mountain Lodge that
has created 100 new jobs.
Superior Homes manager
Nicholas Njogu said the away-from-home investment is targeting tourists
keen on enjoying a new experience by the shores of Lake Elementaita.
“We
are excited to open our doors to the public offering holidaymakers a
home away from home. It has created 100 jobs for the local community,
improving the livelihood of families around us and boosted the national
economy,” he said.
The development located six
kilometres off the Nairobi –Nakuru highway on a 12-acre plot consists of
33 standard villas, 13 villa suites and four executive villas and
conference facilities.
This is the second realtor to
unveil a hospitality outlet with Cytonn Investments opening its serviced
apartments-cum-hotel CySuites Apartments Hotel in Westlands. Chief
Executive Edwin Dande said the 40-room establishment targets both short
and extended stay travellers.
“Demand for serviced apartments continues to grow,” Mr Dande said during the official opening of the remodelled establishment.
The
firm’s research data shows that serviced apartments have an occupancy
rate of about 88 percent, offering yields of about 12 percent.
Kenya
National Chambers of Commerce President Richard Ngatia, who was chief
guest at the unveiling, said there was strong demand for hospitality
services, making the sector one of the key drivers of the economy.
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